JBF Industries, DCM slip 2-5%; post losses in December quarter

Shares of JBF Industries and DCM slipped 2-5 percent intraday Friday as companies have reported loss during quarter ended December 2017.

For the quarter ended December 2017 DCM posted net loss at Rs 9 crore against profit of Rs 1.1 crore, in the same quarter last year.

Revenue was down 18.2 percent at Rs 214.8 crore versus Rs 262.7 crore.

JBF Industries has posted a loss of Rs 16 crore in Q3FY18 against profit of Rs 3.5 crore. Revenue was down 14.6 percent at Rs 817 crore.

The operating profit (EBITDA) was down 11.5 percent at Rs 48 crore and Margin was at 5.8 percent.

At 11:09 hrs JBF Industries was quoting at Rs 176, down 4.81 percent and DCM was quoting at Rs 97.55, down 2.40 percent on the BSE.

JBF Industries declined 27 percent and DCM was down 17 percent in the last 1 year.moneycontrol